Common use of Proof of Action Clause in Contracts

Proof of Action. The Bank shall have received such documents evidencing the Borrower's power to execute and deliver this Agreement, the Notes and the Related Agreements as the Bank or its counsel shall reasonably request.

Appears in 2 contracts

Samples: Commercial Loan Agreement (Swiss Army Brands Inc), Credit Agreement (Foilmark Inc)

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Proof of Action. The Bank shall have received such documents evidencing the each Borrower's power to execute and deliver this Agreement, the Notes Agreement and the Related Agreements as other Loan Documents and the Bank or shall have received evidence of compliance with all conditions set forth in the Bank's Commitment Letter to the Borrowers dated March 12, 2013 in a timely fashion, all satisfactory to the Bank and its counsel shall reasonably requestcounsel.

Appears in 2 contracts

Samples: Loan and Security Agreement, Loan and Security Agreement (Arrhythmia Research Technology Inc /De/)

Proof of Action. The Bank shall have received such documents evidencing the each Borrower's ’s power to execute and deliver this Agreement, the Notes Agreement and the Related Agreements as other Loan Documents and the Bank or shall have received evidence of compliance with all conditions set forth in the Bank’s Commitment Letter to the Borrowers dated March 12, 2013 in a timely fashion, all satisfactory to the Bank and its counsel shall reasonably requestcounsel.

Appears in 2 contracts

Samples: Loan and Security Agreement, Loan and Security Agreement (Arrhythmia Research Technology Inc /De/)

Proof of Action. The Bank shall have received such documents evidencing the Borrower's power to execute and deliver this Agreement, the Notes Note and the Related Agreements as the Bank or its counsel shall reasonably request.

Appears in 2 contracts

Samples: Commercial Loan Agreement (Dusa Pharmaceuticals Inc), Commercial Revolving Line of Credit Agreement (Swiss Army Brands Inc)

Proof of Action. The Bank shall have received such documents evidencing the each of the Borrower's power to execute and deliver this Agreement, the Notes and the Related Agreements as the Bank or its counsel shall reasonably request.

Appears in 1 contract

Samples: Credit Agreement (Able Laboratories Inc)

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Proof of Action. The Bank shall have received such documents evidencing the each Borrower's power to execute and deliver this Agreement, the Notes Agreement and the Related Agreements as other Loan Documents and the Bank or shall have received evidence of compliance with all conditions set forth in the Bank's Commitment Letter to the Borrowers dated January 4, 2001 in a timely fashion, all satisfactory to the Bank and its counsel shall reasonably requestcounsel.

Appears in 1 contract

Samples: Loan Agreement (Matec Corp/De/)

Proof of Action. The Bank shall have received such documents evidencing the each Borrower's ’s power to execute and deliver this Agreement, the Notes Agreement and the Related Agreements as other Loan Documents and the Bank or shall have received evidence of compliance Exhibit 10.58 with all conditions set forth in the Bank’s Commitment Letter to the Borrowers dated March 12, 2013 in a timely fashion, all satisfactory to the Bank and its counsel shall reasonably requestcounsel.

Appears in 1 contract

Samples: Loan and Security Agreement (Arrhythmia Research Technology Inc /De/)

Proof of Action. The Bank shall have received such documents evidencing the each Borrower's ’s power to execute and deliver this Agreement, the Notes Agreement and the Related Agreements as other Loan Documents and the Bank or shall have received evidence of compliance with all conditions set forth in the Bank’s Commitment Letter to the Borrowers dated March 12, 2013 in a timely fashion, all satisfactory to the Bank and its counsel shall reasonably request.counsel. 

Appears in 1 contract

Samples: Loan and Security Agreement (Arrhythmia Research Technology Inc /De/)

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